LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE
74th Regular Session
April 21, 1995
TO: Honorable Clyde Alexander, Chair IN RE: Senate BillNo. 921,
Committee on Transportation as engrossed
House of Representatives By: Cain
Austin, Texas
FROM: John Keel, Director
In response to your request for a Fiscal Note on Senate Bill No.
921 (relating to the regulation of certain persons engaged in the
business of motor vehicle leasing) this office has determined the
following:
The bill would make no appropriation but could provide the legal
basis for an appropriation of funds to implement the provisions
of the bill.
The bill would require the licensing and regulation of
individuals engaged in the leasing of new motor vehicles. The
bill also designates a lessor license fee which varies based on
the volume and a $375 lease facilitator fee, deposited to the
State Highway Fund 006. Fee revenues are currently deposited to
the General Revenue Fund.
The probable fiscal implication of implementing the provisions of
the bill during each of the first five years following passage
is estimated as follows:
Fiscal Probable Cost Out Probable Revenue Probable Revenue
Year of State Highway Gain to Loss from
Fund 006 State Highway
Fund 006 General Revenue
Fund 001
Fiscal Change in
Year Number of State
Employees from
FY 1995
1996 $200,829 $1,274,000 $812,000 5.0
1997 169,229 1,274,000 812,000 5.0
1998 169,229 1,274,000 812,000 5.0
1999 169,229 1,274,000 812,000 5.0
2000 169,229 1,274,000 812,000 5.0
Similar annual fiscal implications would continue as long as the
provisions of the bill are in effect.
No fiscal implication to units of local government is
anticipated.
Source: Comptroller of Public Accounts, Department of
Transportation
LBB Staff: JK, ML, RR